Broadcom in advanced talks to be bought by Avago Technologies

May 27, 2015 7:22 PM

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Broadcom Corp. is in advanced talks to be bought by Avago Technologies Ltd., in what would be the latest in a recent string of mergers in the semiconductor industry.

It isn’t clear what terms the companies are discussing or when a deal could be inked—if there’s one at all—but Broadcom BRCM, +21.44% had a market value of $28 billion as of Wednesday afternoon. Avago’s was about $34 billion.